UAS MANACC.xlsx - WILEY CHAPTER 8 Leno Company makes...

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WILEY CHAPTER 8 Leno Company makes swimsuit 100 direct materials 29 direct labor 35 manufacturing overhead 36 Total cost 100 SOAL A 25% Selling price 125 SOAL B Selling price 100 SOAL C The department indicates that all - body suit would sell approx Assume that leno use cost plus pricing, setting the selling price Assume that leno use target costing
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21 Target cost 79 What is the highest acceptable manufacturing cost Leno would be willing to incur to produce the All-Body swimsuit, if it desired a profit of assume using target osting
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National Corp Per unit Total DM 27 DL 38 V. MO 11 F. MO 1,440,000 V. S&adm exp 4 V. S&adm exp 960,000 unit produce 80000 markup % 40% SOAL A variable cost 80 fixed cost 30 total cost 110 SOAL B 110 markup 40% desired roi 44 total per unit compute above
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SOAL C 110 desire roi 44 Target selling prcie 154 SOAL D Total unit 60000 variable cost 80 fixed cost 40 total cost 120 total per unit compute above
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Lovell computer total unit 45000 PER UNIT TOTAL DM 45 DL 20 V.MO 15 F.MO 450,000 V.S&ADM 13 F.S&ADM 225,000 ROI 18% INVESTED ASSET 1,000,000 SOAL A variable cost 93 fixed cost 15 total cost 108 profit desire 180,000 profit desire/unit 4 markup % 3.70%
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target selling price 112 SOAL B total unit 36000 desire roi 18% variable cost 93 fixed cost 18.75 total cost 111.75 profit desire 180,000 profit desire/unit 5 markup % 4.47% target selling price 116.75
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Sutton electronic repair shop time charges shop employee wages and benefits 110,160 - parts manager salary and benefits - 25,400 office employee saary and benefits 22,950 18,700 overhead 24,990 21,000 total budgeted costs 158,100 65,100 budget 5100 hours profit 9 per labour hour markup 22% estimated invoice cost 105000 price estimate a fix 72 inch tv consume 7 labour hours parts 400 SOAL A TIME CHARGES TOTAL HOURS shop employee wages and benefits 110,160 5100 21.60 material loading charges PER HOUR CHARGE
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office employee saary and benefits 22,950 5100 4.50 overhead 24,990 5100 4.90 total budgeted costs 158,100 5100 31.00 PROFIT MARGIN 9 labor rate charge per hour 40 SOAL B parts manager salary and benefits 25,400 105000 24% office employee saary and benefits 18,700 105000 18% overhead 21,000 105000 20% total budgeted costs 65,100 105000 62% profit margin 22% material loading percentage 84% SOAL C LABOR CHARGE 280 COST OF PART AND MATERIAL 400 MATERIAL LOADING CHARGE 336 TOAL PRICE FOR LABOR AND MATERIAL 1016 material loading charges estimated invoice cost per hour charge
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PRODUCT JB 50 PRODUCT JB 60 Sales Budget anticipated volume in units 403400 201800 unit selling price 22 27 Production budget: desired ending finished goods units 27500 17200 beginning finished goods units 32800 13800 direct materials budget: direct materials per unit (pounds) 2 3 desired ending direct materials punds 31100 17800 beginning diect materials pounds 42600 12000 cost per pound 2 3 direct labor budget: direct labor time per unit 0.3 0.6 direct labor rate per hour 10 10 budgeted income statement:
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total unit cost 13 22 Selling expenses 662000 361000 admin expense 541000 345000 interest expense 150000 income tax 30% Sales Budget For the year ending december 31,2020 particular JB 50 JB 60 Total expected unit sales 403400 201800 unit selling price 22 27 total sales for the year 8874800 5448600 14323400 Production Budget For the year ending december 31,2020 particular JB 50 JB 60 expected unit sales 403400 201800 add: desired ending inventory 27500 17200 430900 219000
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